Mount Dora Oks Sale Of Bonds For Sewage Plant

NEWS IN BRIEF

April 10, 1998

MOUNT DORA — The City Council Tuesday unanimously approved selling $13 million in bonds to build a new sewage treatment plant for an Orange County development and for city growth along U.S. Highway 441.

The money would be repaid through water and sewer user fees and construction impact fees. No rate increases are planned.

The council lowered its out-of-city customers' water and sewer rates from $20.13 to $16.78 a month.

The city expects to close on the 30-year bond issue April 30.

Approximately $10 million will pay for the new plant, to be off U.S. 441 near the Mount Dora Golf Association, and $3 million will go to pay off outstanding water and sewer bonds.

In 1996, Orange County agreed to a deal in which the city would provide water and sewer to a proposed 1,100-acre development near Tangerine for 50 years.